First Advantage (NYSE:FA) Releases FY 2024 Earnings Guidance

First Advantage (NYSE:FA) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 0.880-0.980 for the period, compared to the consensus earnings per share estimate of 0.920. The company issued revenue guidance of $750.0 million-$800.0 million, compared to the consensus revenue estimate of $771.7 million. First Advantage also updated its FY24 guidance to $0.88-0.98 EPS.

First Advantage Price Performance

Shares of FA opened at $18.58 on Wednesday. The company has a current ratio of 4.31, a quick ratio of 4.31 and a debt-to-equity ratio of 0.61. The company’s fifty day simple moving average is $19.15 and its 200 day simple moving average is $17.61. First Advantage has a 1-year low of $13.38 and a 1-year high of $20.79. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 116.13 and a beta of 1.18.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FA. Citigroup upped their target price on shares of First Advantage from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. William Blair reaffirmed an “outperform” rating on shares of First Advantage in a research report on Wednesday. Truist Financial decreased their target price on First Advantage from $250.00 to $249.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Finally, Wolfe Research downgraded First Advantage from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $77.25.

First Advantage Company Profile

First Advantage Corporation provides employment background screening, identity, and verification solutions worldwide. It offers pre-onboarding products and solutions, such as criminal background checks, drug/health screening, extended workforce screening, FBI channeling, identity checks and biometric fraud mitigation tools, education/work history verification, driver records and compliance, healthcare credentials, executive screening, and other screening products.